Federal Reserve, Money, and Interest (B3&4)

Front

A decrease in the money supply often causes prices to rise.

Back

False

Front

The idea that money is created through loans

Back

multiplier effect

Front

Board of Governor's member serve for how long?

Back

14 years

Front

Which law prohibits bill collectors from using deceptive or abusive tactics?

Back

Fair Debt Collection Practices Act

Front

District Reserve Banks are spread out over how many regions?

Back

12

Front

Which action would help stimulate the economy? Options: raising taxes, lowering taxes

Back

lowering taxes

Front

Which action would help stimulate the economy?

Back

lowering interest rates

Front

Most financial transactions at a bank involve the physical movement of large amounts of cash.

Back

False

Front

The value of the US dollar is backed up by what commodity?

Back

none of these

Front

Which law gives consumers three days to change their mind about a loan?

Back

Truth in Lending Act